At Straal, we recognise that our people are our most valuable asset. We also know that to continue growing and succeeding as a business, we need to encourage and support their endeavours and passions.
One such way we accomplish this is by employing tools for valuing employees regarding what truly matters to them: relationship building, loyalty, and experience.
In this blog, we will share some tried and tested tips for valuing our employees as discussed in this critical topic, and we wanted to share these valuable insights with you.
Investing in your team shows value to your employees
A popular and trending theme on LinkedIn discusses retention in consideration of valuing employees. But, did you know that “Job switchers are making 7% more on average than job stayers — and in tech and finance, the pay gap is even higher.”
Adam Grant, an organisational psychologist at Wharton and # 1 NYT bestselling author shares that
“It’s more expensive to recruit, hire, and train new people than invest in your existing team.”Adam Grant
On his Twitter, he further shares that
“During the Great Resignation, people who stay are paying a loyalty tax.
Data on ~20k job titles: new hires make 7% more than people currently working in the same job.
Hey managers: why not offer a retention raise instead? Commitment should be rewarded, not punished.”Adam Grant on Twitter
He further shares the link for this valuable article for more on the topic: If you’ve stayed put at your company during the Great Resignation, you’re paying a price for your loyalty (A Business Insider Exclusive)
At Straal, we are taking this to heart, “commitment should be rewarded” We are building our programs that prioritise internal promotions for new opportunities and reward employees with incentive efforts, just to name a few.
Recognising the value of partnerships
Another important topic within your organisation includes how your team recognises connections.
At Straal, we reward our staff for developing solid relationships with clients, suppliers and other stakeholders. This incentive program is just one-way Straal demonstrates its commitment to nurturing positive relationships within the business community.
The benefits of this program are twofold. It helps Straal build relationships with critical connections. Secondly, it provides our employees with a financial incentive to develop professional networks. We believe that this program will help us become the leading provider of customer service solutions globally.
Workplace flexibility as a tool for valuing your employees
Employee value is a crucial metric in business and is currently a topic that is at the forefront of many employers’ minds in recent months. The Covid-19 pandemic has forced organisations to consider the best way to support their workforce during these unprecedented times. As a result, many businesses have had to pivot and offer flexible working options to accommodate personal lives and unique situations. This has often meant employees working from home or having greater control over their working hours.
Flexibility can also lead to a more engaged and productive workforce. Employee value recognises that workers are more than just cogs in a machine; they are people with families, pets, caring responsibilities and other commitments outside of work. When these needs are respected and considered, it shows employees that their organisation values them. This can lead to increased loyalty and motivation and improved team morale.
In a post-Covid world, workplace flexibility will be essential for attracting and retaining the best talent. Those organisations that fail to accommodate the needs of their workforce will quickly find themselves at a disadvantage.
If you would like to learn more tips about valuing employees, learn about our great team, check out careers at Straal, or if you have any questions about Straal’s commitment to growth, please don’t hesitate to get in touch with us.
We would be happy to discuss this further with you. Thank you for your time and interest.
The Straal Team